Trading the Markets LIVE (May 07, 2025) | Kris Bullock and Bijan Maleki

0:00Hi, everyone. I'm Raoul Pal, the CEO and co-founder of Real Vision. Here at Real Vision, we're committed to give you the best knowledge, tools, and network to help you succeed in your financial future. If you're enjoying this podcast, please take a moment to give it a five-star rating. It truly helps us continue to bring top-tier content. Thank you so much.

0:28happy wednesday everyone and welcome back to another episode of trading the markets i'm bijan malecki and i'm of course joined by chris bullock our rv crypto contributor uh guys before we get into it make sure you check out the latest mit update that just dropped today julian shares his global macro, where his global macro indicators are pointing, and how you should adjust your portfolio allocations accordingly. Definitely a must watch, so check that out. Just drop today. And let's also take a quick look at Chris's most recent RV Crypto portfolio update. It's up over 30 % since inception, so Chris, not a bad return so far, and I'm sure our RV Crypto members are loving it.

1:15And also a quick reminder, we discuss this stuff all day, every day in our Discord and on our platform. So whether you want to stress test your ideas, get insights on new trades, you need to join us in RB Crypto. You'll have access to Chris's portfolio as well. I mean, it's really just a great resource to hang out and learn and make money, right? People often post charts and ask about entries and exit levels and just so many other things. So I definitely recommend you guys join and kind of just discuss this stuff, learn about it and see where your portfolio can head at the end of this cycle. But without any further ado, Chris, let's get into it.

1:56What are you thinking about this week? Hi, Raoul here. Listen, I think we've got until 2030 before the economic singularity arrives. Now, it might not be the exact date, but it's around then. So we have about six years to figure out how to unfuck our future. I've put together a report to help you called Prepare for 2030. It's going to help you take the first steps in that journey to make sure you're secure past 2030. So just click on the link below and start your journey now. So, yeah. Well, I wanted to start with the crypto dashboard from the RV website, which I tend to, it's like become a habit now, but it's like become this amazing resource that that I continue to reference on a very regular basis.

2:42And so one thing I'm going to start out with at the very top is the top 200 market cap weight versus top 200 equal weight, because we know the top 200 equal weight signifies when meme coins or I'm not starting meme coins, but alt coins in general are showing relative strength against the likes of Bitcoin and Ethereum and Solana and things like that. And it's worth pointing out that on a 30 day rolling basis, the top 200 equal weight still does have the edge a little bit, but it has kind of started to lag in more recent days and seven days and on the daily time frame. So and I think we're seeing Bitcoin kind of take the lead like, you know, over the last week.

3:20But it is important to show here that, you know, there is gains to be had in the meme coin sector. And we're seeing that on this 30 day rolling basis. So So I think it's important to kind of dig in and look and see what's going on. And with that, I'm going to do just that. As I was looking through here earlier, there were a handful that popped out to me that I wanted to highlight. And the first one being in the... So first I looked here and sort of saw what's doing the best on a rolling 30-day basis. And firstly, smart contract platforms jumped out at me because lately those have been a little bit lagging outside of maybe like SWE and a few others here and there.

3:58but I drilled into smart contract platform, looked at the layer ones. And one of the ones that jumped out was hype or hyperliquid. And so we've talked about hyperliquid a little bit on our weekly show and it's been doing well, but suddenly just in the last 30 days and really on a yearly basis, it's been doing well since it launched, but it's really holding up and it's really kind of coming on strong over the last month, seven day, one day. And so we'll get into the chart here in a minute, but I just wanted to point that out. The next one I wanted to holler is, let's see, virtuals. So I was looking under infrastructure and AI really stood out to me too.

4:40On a 30-day basis, the entire AI sector is up 89 % and kind of leading the charge. And so if you drill further into this, we can see that virtual has really come on strong as of late too. And it was actually in my model portfolio for a long time. I held it kind of all the way down and then sold it near the bottom, which I regretted because in the back of my mind, I knew that it was strong and my thesis never really changed for it. I always knew that it kind of had more going for it than a lot of these other AI platforms. But the price action just eventually got to me and it had lost, you know, 90 plus percent.

5:17And I just I was like, well, I know this is strong, but I just can't justify continuing to hold this when there's other things that we're doing better. So reluctantly, I got rid of virtuals. And of course, as soon as I did that, you know, it went on this mega run and, you know, is up 180 % right now. So I'm going to touch on that chart in a second too. And then lastly, getting into the digital currency subsector, meme coins have continued to show a lot of strength, but there's been a bit of a surprise lately in that PopCat has really surged. Granted, it's not doing well on a longer term yearly basis.

5:50It's still down 23 % compared to, say the likes of fart coin or spx but um on a rolling 30-day basis it's up you know 3x and so uh not too bad so i want to touch on that chart too but um yeah i just wanted to highlight the cryptocurrency dashboard because you know it's an amazing resource that that we continue to use here at real vision um thanks to jamie coots for producing this so yeah hollered that out now if we want to flip over to the actual charts before you start with hyper before you get into the charts, Chris, a reminder to everyone, if you have any questions about any specific charts, just throw them in the chat and we'll try and answer them live on air.

6:28And for the Pro Crypto dashboard, you need to be a Pro Crypto or All Access member to access, but I promise you, it is absolutely worth it. I mean, look how much Chris has been using it to help him with the trades. So yeah, you'll definitely want to check. I want to speak to that for a second. I know a lot of people, they might go to the Real Vision site and look at it and maybe see the price, especially if you're new to crypto, if you're if you're brand new to the space and you see the price and you're just like, whoa, that's, you know, but I I can't stress enough how much it more than pays for itself.

7:00Don't think of it as an expense. Don't think of it as a cost. Think of it as an investment in your future and your knowledge. And again, you will more than make that money back. I mean, tenfold like it is. It is amazing the insight you get both in in actionable items, just in personal growth, in education, learning, you know, filling all your knowledge gaps in terms of macro and how everything is all tied together. You know, the community is far and away the best community I've ever engaged with in the crypto space. I've been a member of others in the past. And you just go on there, you go on these discords and these telegrams, and it's just nonstop, like memes and shit posting.

7:39And there's no actual like real engagement. It's just like nonsense. You know, the signal to noise ratio is terrible. But you go, you know, think about it. If you have a little bit higher cost of entry, it really filters out a lot of that noise. And you go into a place like the Real Vision Discord, whether it's the RV crypto, whether it's pro crypto, it doesn't matter. You go in there and it's just super high quality, amazing engagement. Everybody is very polite. Everybody is very respectful. Everybody is very helpful. It's just like, I mean, again, it's I've never experienced another community like it.

8:11And I just can't tell you how, you know, how amazing it is. I mean, I've renewed every year. It's come up like happily, like take my money because again, I get a return on that investment. Like, like you wouldn't believe it's, it's just like, it's, it's not, I don't even look at it as an expense anymore. I'm just like, this is what I need to continue to, to, to grow my portfolio and to reach the, the financial goals that I have. So yeah, I just wanted to touch on that because for me, it's just been an amazing, amazing resource. So let's get back to the charts here. Talking about hyperliquid first, that was the first one I touched on.

8:45I use this indicator called trading alpha. It is a paid indicator. And I mean, of course, I use other indicators too, but I really like this one. And I decided to, there's this element of it called the track line here. And I decided to make it a little bit less sensitive because it was a little bit too noisy. And so now I'm only really paying attention to charts that are showing a green track line right now, in addition to having green candles and green dots and stuff. But Hyperliquid stood out to me as one that did. So when I looked at Hyperliquid on the crypto dashboard and saw that it was doing well and then came over and saw this indicator, this indicator completely confirmed what I was seeing on that dashboard.

9:22And so I was really pleased to see that. And what we're seeing here is, again, Hyperliquid looks very strong. It sort of ticks all the boxes. It's got green candles. So the algo is green. The trend is green. The green dots kind of signal strength. And of course, the green track line signals strength too. So Hyperliquid is looking very good. It's sort of right at a resistance level and it's showing just a ton of strength right now. So I think more upside to come with this asset, you know, going forward. And I think that it's going to get back to its all-time highs pretty easily, really. And then if we go switch over to Virtuals, kind of the same thing.

9:56Now, Virtuals has had a pretty strong run and it's a bit in a corrective phase at the moment, but nevertheless, it also ticks the boxes in that it has a bit of a green track line here. It did kind of come up to a resistance level and did get rejected, but a lot of charts have done that, I feel like over the last week or two. And all of the ones that kind of really ran strong out of the lows have started to take a bit of a breather. But to me, this doesn't mean anything in terms of like a rollover. We're not seeing any signs of momentum slowing. Rather, we're just seeing signs of sort of a typical ebb and flow of these crypto assets.

10:29and so this is just more of like you know it needs to kind of rest correct mean revert a little and then i think it'll be back uh for another leg up you know as soon as the rest of the market reverses and then kind of flipping over to popcat the one i touched on popcat also as we can see looks very strong uh really solid track line much less of a pronounced rollover in fact if anything it's it's setting highs like it it kind of had a resistance level here and we can see that it's poked above it uh just today so uh popcat is actually showing a bit more relative strength than than either of these other two that we just looked at and honestly i think it's it's got the momentum right now like um you know i think the you know i i never really thought memes died uh i was never in that that camp that thought oh you know memes are over um kind of we touch we've touched on this um where is it if i can find it oh too many charts here okay Okay, the meme coin gains chart that we've touched on a couple of weeks ago, this is just sort of an aggregate of the top memes.

11:33And we can see that they've rolled over a little bit sort of as an aggregate. So seeing PopCat showing strength and not really rolling over is showing that it's got greater relative strength compared to the rest of the meme sector. But my larger point here is that memes haven't gone anywhere. Memes are not dead. Memes are not even close to dead. And they never really die. They just kind of go in waves. They just, you know, they'll run up, they'll cycle back down, they'll run back up. And even going back to 2020, 2021, they've never really died. They've just kind of always sort of gone in waves.

12:04Even in bear markets, they'll have little mini rallies here from time to time. So the notion that meme coins can die, I think, is a very false notion to begin with. And I think that, you know, it's important to consider them and, you know, have exposure to them even on some level. So, yeah, that's. Yeah, absolutely. Well said, I have a few questions that we'll circle back to on that. But I want to do want to mention if you want more insights on meme coins. I mean, you can take it from the meme coin thesis guy himself, Murad. Right. We had a great interview a while back with OSF and Murad on our rectivision on Friday on Fridays where OSF had a great talk with Murad.

12:48just going through his thesis, going back and forth with some questions, kind of testing his thesis as well. So definitely recommend you guys check that one out. And then also the other half of Rectivision, Mando actually was kind enough to put on a Real Vision Crypto Academy session for us on how to trade altcoins and meme coins. So you remember OSF and Mando, legendary board ape, Yacht Club traders. and then now they go through or Mando goes through how to trade meme coins. So definitely check those out as well. Chris, I want to talk to you about PopCat really quickly because that was very popular not too long ago, right?

13:31When kind of that first iteration of memes in this cycle, like Whiff, PopCat had with the animal coins, right? Would you, with that being said, right, being that PopCat has that history of success, Would you right now at these levels and you're seeing kind of that that positive price action? Is this something you would consider entering right now? Are you waiting for more proof to to enter that trade? Yes, I would. And just primarily for the reason you just spoke of, because of its longevity, because it's shown. Let me zoom this out on the weekly time frame, actually. Have you ever wanted to trade Bitcoin but haven't dared try?

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15:08because it's had such a long history i mean relative you know for memes anyway but going back to uh you know what is this february of 2024 so early 2024 um you know we had the big breakout kind of coming into the end of 2024 it rode this all the way up and look at i mean just massive massive uptrend it finally peaked um at the end of 2024 and and like most memes did and has wrote everything back down. But the fact that it never really, like a lot of memes we saw wrote it all the way back down to their very beginning. And so the fact that this sort of generally held the sideways structure, it's like, yeah, it kind of tested the lows a little bit, but it generally held the structure after its initial gain tells me that this was, you know, the process of people taking some profits, but the diamond handers never really went away.

16:01They're like, we believe in this project for the long term. We're not going away. And and sort of this this sort of process you see where it endures a big correction and comes back around is exactly what you want to see. It's exactly what Murad talks about, just in a general sense of you need to see memes, memes prove themselves over a long period of time. And I think PopCat is one of those that is showing us that it has the potential to do that. And so the fact that it has strongly reversed its downtrend is tracking with the rest of the larger crypto market as a whole and is showing greater relative strength right now than most crypto assets.

16:37Again, not just memes, but just crypto assets in general. It's outpacing many of them is, I think, a testament to the fact that it's sort of got longevity and it's not really going to go away. Now, is it going to be the best performer overall? I don't know. I mean, there's probably a small handful of memes that are in that conversation. Popcat is probably one of them. I would put, of course, Bartcoin, SPX, GigaChad also in that conversation too, maybe a couple others. But I think the market cap is another important thing to factor in. And Popcat, if I'm not mistaken, is around$400 or$500 million, which is, I think, a pretty key level.

17:14I think if a meme coin can hold that market cap level and not, again, give it all back, not just, you know, it's showing that the holder base isn't fickle and doesn't want to just sort of capitalize on those quick, massive gains and get back out and move on to the next thing. So the fact that it's able to hold it for this long of a period of time and show some resiliency out of the lows, to me, is a really strong signal. So yes, I would be a buyer here, I think. Awesome. Awesome. Sticking on the meme coin theme, Stuart has a question for us about FART. He wants you to comment on the FART chart.

17:50The last day was a bit concerning. Yeah, I mean, it got a little bit overextended. But if we look here, it's generally tracking really well. Unlike most crypto assets, this one is out of a green track line for, you know, going on several a few weeks now. So it's it has shown the greatest strength kind of coming out of the lows. I mean, above and beyond Popcat and pretty much everything else. So it outpaced everything. And this is reflected in this long green track line that we have here. So it was kind of due a little bit of a breather. I think if we go over and look at it on this chart too, we can see that this bull market support band here, which is, I don't know if you can see it, but it's this little gray shadowed area.

18:32So this represents like the 20 week moving average basically. And anything that's well above that right now in this stage of the cycle is showing insane relative strength because I mean, Bitcoin is barely even above it's, you know, it's sort of right on the line. So if you come back to Fartcoin, it's way, way above it. So basically, it got a little bit overextended, a little bit over its skis. It's having to take a little bit of a breather. It did mean revert back to its 20-day moving average, and now it's sort of sunk below. But to me, I don't think that that's too much of a worry just because of how well it has done.

19:11uh i mean honestly you could come back down to this sort of 70 cent level or seven yeah 70 cent level and still be considered in a strong uptrend so i think give it a little bit uh it deserves a bit of benefit of the doubt i think because of its strength that it's shown over the you know really since what is it the low is back on march 10th since march 10th it's blown everything out of the water so um give it a little bit of breathing room nothing is really structurally broken here. Like if you look at this uptrend, you can draw a line here from the bottom, kind of just along here. It hasn't even really come back down and touched that yet.

19:48So it's got a little bit of room to the downside, just both on this diagonal trend on and on its 20 week moving average. So I wouldn't worry about Fartcoin yet. I think, like I said, it went up more, so it's going to come down a little bit more. But the uptrend is still very much intact on the weekly timeframe. So I think it's fine. Well said. Well, real quickly, Joe, Joe on Twitter wants to know, can you remind us what indicators you're using right now? It looks like a suite of some sorts. So I know the first one was a paid indicator. This one is tradingalpha.io is the company that produces this indicator.

20:22Highly recommend it. I don't pay for really, I've paid for a handful of indicator suites over the years. Never renewed any of them. This is the only one that I'm like, I'm keeping this one. Another one that absolutely pays for itself. If you do any kind of tactical trading, not even day trading, you don't have to do day trading, but even just like seasonal rotations and things like that, this indicator will absolutely pay for itself in no time. And it's another one of those where I don't look at it as an expense, but rather just an investment in my sort of overall investment strategy. And then going back to this one, this is just really bread and butter standard indicators.

20:59We've got Bollinger Bands. We've got a 10-day moving average, a 20-day moving average, or rather 10 and 20 bar. It adjusts with whatever time frame you're on. And then this bull market support band is another one that I commonly use. But really, that's kind of it. And all of those are free. They're right in TradingView. And you can pull them up. And that's been my go-to most of the time for just getting quick insight at a quick glance as to if it's in a healthy uptrend or not. you know so and then real quickly my favorite one can you just show joe the mcg as well so yeah that's what that one looks like that one um so the mcg market cap gains um i think if you just search for just search for market cap gains um and so i have this overlaid on the bitcoin chart normally when you first load it it's going to pop up in a in like an oscillator pane down at the bottom um and you can you can actually move it up and overlay it on top of the chart basically you You just right-click on it and say, move to existing paint above, and that'll overlay it right directly on your Bitcoin chart or whatever you want to look at.

22:07So I like it like this because it gives a little more insight to have it overlay directly over the top of Bitcoin and see sort of the interplay between the two. But it doesn't load by default like that. But yeah, just search for meme coin gains. Also, it's a community-made indicator. It's not built in. I mean, well, it is built in, but it's not sort of part of TradingView, I guess, if that makes sense. Yeah. Awesome. Thanks for the question, Joe. We have quite a few questions to dive into, actually. But right before we move on and head into SWE, we got a few questions about SWE. Shafiq wants to know, because you were talking about, you know, using Mirad's thesis about, you know, the history of a meme coin and how that's a good, you know, not necessarily indicator, but that's, you know, history in the meme coin is important, right?

22:57So with that being said, Shafiq wants to know what your thoughts are on WIF and if that is something that is similar in idea to PopCat. Well, let's take a look at WIF here. It's funny. I haven't actually, it's been a minute since I've looked at WIF. So it'll be news to me here too. So what do we got for with uh we know it obviously has the longevity but um well i accidentally it's funny i accidentally switched to the monthly candle here instead of the weekly but this kind of tells a story all on its own so um we can see a pretty significant breakdown this is an example of maybe what we didn't want to see and sort of what popcat did not do whereas popcat sort of held its larger sideways structure once it peaked with actually lost it.

23:49And so I'm going to kind of zoom in a little bit more onto the weekly timeframe here. Um, and let me get rid of these Bollinger bands for a second.

24:00So, yeah, I mean, again, this was the, this line here at a dollar 38, I had identified as sort of the key support level. Cause it had come back down here, set this low and then it rebounded. And so I told myself, you know, if it comes back and loses this low that it had set, that that kind of meant that the community had been shaken. You know, I guess you could say the faith in the asset had been shaken. And so, yes, it did bounce on the lows with a lot of assets, but it hasn't really shown the strength we want to see. It hasn't. So this is the bull market support band here. It hasn't really recaptured that like a lot of assets where, you know, we just looked at Popcat.

24:40We just looked at Fartcoin. They were way above their bull market support band. And the band itself was actually slightly starting to point to the upside, whereas we can see with WIF, it's not at all. I mean, it's really hasn't even sort of mean reverted on the weekly back to its 20-week moving average. So this is not a good sign. Yeah, you could argue it did sort of find support at this bigger weekly cluster that it had established way back at the beginning of 2024. But it shouldn't have ever even come down this far in the first place. Like the strongest memes that we saw that held up over the course of the last year did not lose their sideways structure.

25:17Like your SPXs and your PopCat, they didn't lose this sideways structure. They were able to maintain it and hold it. And to me, that was the sign that the holder base was diamond handed and had that core belief. And I feel like WIF just kind of lost it and hasn't been able to really fully recover it yet. So we're not seeing that same holder belief in Whiff that we are in some other memes right now. So the hat is currently off. Comment if you are holding Whiff or if you're not holding Whiff if you think the hat will ever come back on. Curious to hear everyone's thoughts. So we have quite a few questions about Sui.